Port Hedland Port Authority Annual Report 2011 - Parliament of ...

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Note 5. Depreciation and Amortisation Expense 2011 2010 Depreciation Buildings and Port Improvement 3,966 580 Navigation Aids 224 240 Wharves and utilities 2,304 1,228 Other Equipment 5,977 1,196 Amortisation $'000 $'000 12,471 3,244 Capital Dredging 196 5,533 196 5,533 Total Depreciation and Amortisation 12,667 8,777 Note 6. Finance Costs 2011 2010 $'000 $'000 Interest Expensed 2,182 2,200 WATC Interest and Borrowing Costs 9,604 1,941 Finance Costs (rehab) 3,169 - Foreign Exchange Loss 81 12 15,036 4,153 Note 7. Other Expenses 2011 2010 $'000 $'000 Rented Accommodation 3,609 848 Loss on Disposal of Fixed Assets 43 21 Port Development Costs 925 168 Doubtful Debts - (5) 4,577 1,032 Page 64
Note 8. Income Tax Expense 2011 2010 (a) Income Tax Expense $'000 $'000 Current Taxation 2,014 551 Deferred Income Tax (228) (1,400) Under (Over) Provision in Prior Year 52 (235) (b) Numerical Reconciliation of Income Tax Expense to Prima Facie Tax Payable 1,838 (1,084) Profit Before Income Tax Expense 4,955 (2,577) Tax at the Australian Tax Rate of 30% (2010 - 30%) 1,487 (773) Tax Effect of Amounts Which are not Deductible (Taxable) in Calculating Taxable Income: Entertainment and Travel 26 21 Non Deductible Consulting Expense - 2 Investment Allowance - (72) Adjustment to tax fixed assets - 21 Consumables 272 - Other - (52) Depreciation on Plant and Equipment (Non Depreciable for Tax) 1 4 1,786 (849) Under (Over) Provision in Prior Years 52 (235) Total Income Tax Expense 1,838 (1,084) Note 9. Employee Benefits 2011 2010 $'000 $'000 Wages and Salaries (a) 9,499 4,993 Superannuation (b) 1,155 718 Long Service Leave 188 105 Annual Leave 822 525 11,664 6,341 (a) Includes the value of the fringe benefit to the employee plus the fringe benefit tax component. (b) Includes defined benefits plan. Page 65
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Port Hedland Port Authority Annual
Page 3 and 4:
CONTENTS 05 Who We Are 07 Year in R
Page 5 and 6:
005 WHO WE ARE OUR VISION, MISSION,
Page 7 and 8:
007 With a trade record of 199 mill
Page 9 and 10:
009 OUR HISTORY 1896 Construction o
Page 11 and 12:
011 and has commenced construction
Page 13 and 14: 013 JAN FORD Dip Business (RE) Dire
Page 15 and 16: 015 OUR EXECUTIVE CAPTAIN LINDSAY C
Page 17 and 18: “The PHPA provides and maintains
Page 20 and 21: Our SENIOR MANAGEMENT
Page 22 and 23: 022 “This section discusses the s
Page 24 and 25: 024 The Walk provides a connection
Page 26 and 27: 026 Orange Ball, Port Hedland Speed
Page 28 and 29: 028 berths at BHP’s Harriet Point
Page 30 and 31: 030 for Port Hedland having to be d
Page 32 and 33: 032 Ratio of Accident/Total Vessel
Page 34 and 35: 034 OUR PEOPLE PEOPLE and CULTURE T
Page 36 and 37: 036 Code of Conduct The code of con
Page 38: 038 Organisational Structure Board
Page 41 and 42: 041 OUR ENVIRONMENT Environmental M
Page 43 and 44: 043 Mangrove Research Further work
Page 45 and 46: 045 The PHPA and the Board are comm
Page 47 and 48: 047 • A comprehensive annual insu
Page 49 and 50: PORT HEDLAND PORT AUTHORITY FINANCI
Page 51 and 52: Figure 1 - PHPA OPERATING REVENUE &
Page 53 and 54: Statement of Financial Position as
Page 55 and 56: Statement of Cash Flows for the Yea
Page 57 and 58: Various assumptions are required in
Page 59 and 60: The collectability of receivables i
Page 61 and 62: In addition, the long service leave
Page 63: Note 3. Revenue Revenue consists of
Page 67 and 68: Note 12. Current Assets - Inventori
Page 69 and 70: Note 14. Non-Current Assets 2011 20
Page 71 and 72: Note 17. Non Current Liabilities De
Page 73 and 74: Note 20. Financial Instruments (a)
Page 75 and 76: 2011 Weighted Average Effective Int
Page 77 and 78: Note 21. Director and Executive Dis
Page 79 and 80: Note 22. Remuneration of Auditors R
Page 81 and 82: Note 26. Events Occurring after the
Page 83 and 84: Page 83
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